By Martin Ejenobor. Partner at Revele. He is a Business Adviser, Innovation Strategist, Speaker, Trainer, Thinker and Entrepreneur with over 15- years multifaceted experience proffering solutions “to” various industries including FMCG, Luxury Goods, Human Resource Development and Sports.
“This article addresses the concept of people as capital that companies can buy and sell. Is this just a dream or it’s a trend?
How soon will it happen if at all”
Here are some excerpts from this article posted in LinkedIn recently. Click on the link at the end of this sharing.
“Let’s start by defining the word ‘asset’ then we will describe it in context for clarity”.
“The definition of the word asset usually comes close to the ability of a (tangible or intangible) things to be monetized. If it cannot be sold, it is has no value for the which it may be traded then it is not an asset”.
“Human Capital is a Knowledge Based Asset (KBA) and therefore yields as such. So back to our talk of assetization, it is clear that an asset is anything an entity can trade for money (Knowledge, property -tangible or intangible, stocks, bonds, etc) but has any organization traded its humans (staff) as assets? Your guess is as good as mine- none!”
“The nature of Knowledge assets is such that there is increased of this factor of production, unlike other factors of production that are suffering from heavy depletion due to overexploitation (leading to increased depletion), Knowledge assets are increasingly getting repleted (produced in excess).
The implication of these factors means the way Knowledge Based Organization (KBOs) produce value is quite different form how Non- Knowledge Based Organizations (NBNOs) produce and consume value. Let’s look at some critical ways this occurs.”
For the complete original article in LinkedIn please click on